Page 27 - ECI PR REPORT - NOVEMBER 2024

11/27/24, 8:59 AM ECI, Free Zones Authority of Ajman sign MoU
innovative solutions in trade credit insurance, export finance, and risk management. By doing so, we
aim to contribute to the competitiveness of non-oil exports in global markets. Furthermore, this
agreement also reinforces our commitment to building robust relationships with government
partners and solidifying the UAE’s position as a global hub for investment and trade,” said H.E.
Raja Al Mazrouei, CEO of Etihad Credit Insurance.
“This strategic partnership with ECI marks a significant move towards bolstering the international
competitiveness of Ajman-based companies. The authority seeks to empower these businesses by
helping them protect their interests and minimize potential financial risks at different levels,
fostering their stability and sustainable development through inclusive coverage solutions against
credit risks. The MoU demonstrates our mutual dedication to driving growth in the commercial
sector and elevating Ajman’s stature as a prominent hub for trade and investment. We eagerly look
forward to the fruitful outcomes of this collaboration, which will bring added value to our business
community,” said H.E. Ismail Al Naqi, Director-General of Free Zones Authority of Ajman.
Enhancing economic activities
Since its inception in 1988, the Free Zones Authority of Ajman has been instrumental in enhancing
economic activities for businesses. Through its state-of-the-art establishments and extensive
portfolio of services, features, and facilities, the authority lays a solid foundation for the success and
expansion of several enterprises.

The MoU between ECI and Free Zones Authority of Ajman represents a milestone in ECI’s
relentless efforts to fortify its strategic alliances. ECI aims to strengthen its presence in the export
credit sector, in keeping with its goal of broadening its network of public and private sector partners.
Additionally, it seeks to improve its crucial role in facilitating the export, re-export, and foreign
trade operations for UAE-based companies.
The stories on our website are intended for informational purposes only. Those with finance,
investment, tax or legal content are not to be taken as financial advice or recommendation. Refer to
our full disclaimer policy here.

https://economymiddleeast.com/news/eci-free-zones-authority-of-ajman-sign-mou-for-insurance-solutions-financing-opportunities/ 2/2